First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Short Interest Up 5.3% in January

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 25,700 shares, an increase of 5.3% from the January 15th total of 24,400 shares. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is presently 3.4 days.

First Trust Dow Jones International Internet ETF Price Performance

NASDAQ:FDNI traded up $0.91 during midday trading on Monday, hitting $32.95. The company’s stock had a trading volume of 8,981 shares, compared to its average volume of 15,416. First Trust Dow Jones International Internet ETF has a fifty-two week low of $21.81 and a fifty-two week high of $32.97. The firm has a market cap of $42.84 million, a P/E ratio of 25.42 and a beta of 0.80. The firm’s 50 day moving average is $28.49 and its 200-day moving average is $27.42.

First Trust Dow Jones International Internet ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.222 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in First Trust Dow Jones International Internet ETF during the 3rd quarter worth about $634,000. Flow Traders U.S. LLC purchased a new stake in shares of First Trust Dow Jones International Internet ETF in the third quarter worth about $233,000. Raymond James Financial Inc. acquired a new stake in First Trust Dow Jones International Internet ETF during the fourth quarter worth about $5,537,000. LPL Financial LLC raised its position in First Trust Dow Jones International Internet ETF by 6.4% during the fourth quarter. LPL Financial LLC now owns 94,790 shares of the company’s stock valued at $2,587,000 after acquiring an additional 5,737 shares in the last quarter. Finally, OLD Mission Capital LLC lifted its holdings in First Trust Dow Jones International Internet ETF by 370.8% in the fourth quarter. OLD Mission Capital LLC now owns 61,431 shares of the company’s stock valued at $1,676,000 after acquiring an additional 48,382 shares during the period.

About First Trust Dow Jones International Internet ETF

The First Trust Dow Jones International Internet ETF (FDNI) is an exchange-traded fund that is based on the Dow Jones International Internet index, a market-cap-weighted index that holds a concentrated portfolio of the largest internet services and commerce companies outside of the US. FDNI was launched on Nov 5, 2018 and is managed by First Trust.